Share on StockTwits

Essent Group (NASDAQ:ESNT) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Monday, reports. The firm currently has a $24.00 price target on the stock. Compass Point’s price target would indicate a potential upside of 17.07% from the company’s current price.

Shares of Essent Group (NASDAQ:ESNT) traded up 0.99% during mid-day trading on Monday, hitting $20.50. 367,419 shares of the company’s stock traded hands. Essent Group has a 52 week low of $18.03 and a 52 week high of $26.45. The stock’s 50-day moving average is $20.66 and its 200-day moving average is $22.50. The company has a market cap of $1.773 billion and a P/E ratio of 29.21.

Essent Group (NASDAQ:ESNT) last announced its earnings results on Thursday, May 8th. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. The company had revenue of $47.82 million for the quarter, compared to the consensus estimate of $48.09 million. Essent Group’s revenue was up 107.8% compared to the same quarter last year. On average, analysts predict that Essent Group will post $0.90 earnings per share for the current fiscal year.

ESNT has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Essent Group from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $25.00 price target on the stock, down previously from $26.00. Separately, analysts at Susquehanna cut their price target on shares of Essent Group from $26.00 to $25.00 in a research note on Friday. They now have a “positive” rating on the stock. Finally, analysts at Macquarie upgraded shares of Essent Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.30.

Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.